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GMT has maintained an upward trend over the past two trading days, but after reaching the daily high around 0.0218, it started to pull back, indicating that the upward momentum is gradually weakening.
From a larger time frame, on the four-hour chart, each rebound is accompanied by a noticeable correction. This repeated rollercoaster movement suggests that the bullish strength is clearly waning. Moreover, even when launching a counterattack, the upward space is tightly compressed.
The shorter one-hour chart more clearly illustrates the issue—after the price drops, there is no real rebound momentum, only a weak and exhausted state. These signals, combined together, all point in the same direction.
From a technical perspective, this is indeed a high-risk area, and close attention should be paid to subsequent trend confirmations.
This wave indeed has no momentum; as soon as it hits 0.0218, it gets scared, a very typical trap to lure more buyers.
Feeling weak and powerless haha, just about to lie flat.
Pointing in the same direction? Probably pointing towards the direction where I lose money.
Why make it so complicated? Just buy in at the low and that's it.
Let's wait and see if it breaks the level again; anyway, technical analysis is always after the fact.
GMT really has no strength in this wave; it rebounded three times and fell three times. It's just annoying to watch.
If 0.0218 can't be broken, there's no point wasting effort. Don't fuss around, everyone.
I'm tired of the weak-looking one-hour chart.
This time, we really need to wait for a confirmation signal, or just lie flat.
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If 0.0218 can't be broken, it's probably time to reduce positions, it's not worth it
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The bulls are getting weaker, the rebound is weak, it's going to fall
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The hourly chart clearly shows the problem, it's indeed dangerous here, I'll wait and see
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Can't handle the roller coaster movement, better wait for confirmation before acting
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Avoid high-risk areas, there are many other coins
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Each rebound is weak, feels like it's about to enter a downward channel
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Here comes another roller coaster, the bulls are really losing steam
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The one-hour chart shows no rebound strength anymore, we should be cautious
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High-risk zone, I think I'll wait a bit first
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Getting hammered down at the same level every time, it's a bit frustrating
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Feels like this wave is about to break the level
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The momentum is clearly weakening, I don't really want to take this position
A rollercoaster trend, the bulls are already exhausted
Weak and powerless, it's really over, the one-hour chart makes it clear
This position is indeed dangerous, wait for confirmation
A rebound is just a trap for the bears, that's right
Avoid high-risk areas, I'm just watching the show now